raasi

An Indian clean energy firm hopes to bring down the cost of lithium-ion cell manufacturing below INR15,000 (US$222) / kWh and create batteries for rooftop solar with a 25-year lifespan, by setting up a manufacturing facility in the southern state of Tamil Nadu.

India’s large-scale solar space, which has been dominated by Solar Parks in the last two years, now has standalone projects firmly back on the map with multi-Gigawatts of capacity up for grabs and a chance for higher risk-taking players.

UPDATED: The Indian state of Tamil Nadu’s latest 1.5GW solar auction has received the lowest bids in the state so far with Raasi Green Earth winning 100MW of capacity with a tariff of INR3.47/kWh (US$0.054).